D&B (NYSE:DNB), the world’s leading source of commercial information and
insight on businesses, today announced an estimated 146,000 non-farm
jobs were added to U.S. payrolls in February, according to its U.S
Economic Health Tracker. This report provides a monthly,
multi-dimensional perspective on the U.S. economy, including small
business health, total job growth, and overall U.S. business health.
U.S. businesses added jobs at a modest pace in February 2014, driven by
significant employment gains in the construction, manufacturing, and
business services segments. Despite a slight overall decline in D&B’s
Small Business Health Index, the primary influence appears to the
abnormal weather impacting large portions of the US. In addition, a rise
in overall U.S. business health in February indicated a lower risk of
business failure.
“Winter storms had an impact on small businesses and job growth in
February, however, we remain optimistic on the U.S. economic recovery in
2014,” said Paul Ballew, Chief Data & Analytics Officer, D&B. “As
corporate balance sheets and overall financial heath strengthens, we
anticipate a more compelling growth trajectory among businesses in the
months ahead.”
Ballew will host a briefing
webinar and conference call to discuss D&B’s monthly economic
perspective at 8:30 AM EST on March 4, 2014.
February 2014 Highlights
View the D&B U.S. Economic Health Tracker Infographic at www.dnb.com/tracker.
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Small Business Health Index
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D&B’s Small Business Health Index has contracted modestly, although
small businesses saw improvement in on-time credit card and bill
payments.
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U.S. Jobs Health
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D&B estimates 146,000 new non-farm payroll jobs were added to U.S.
payrolls in February 2014, with strong gains in construction,
manufacturing, and business services. Employment growth is
anticipated to continue at a slower pace.
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U.S. Business Health
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U.S. business health improved 5.6 percent year-over-year in February
2014, the highest recorded level since the index began in December
2010. Businesses continued to improve their balance sheets and
overall financial performance.
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About D&B’s U.S. Economic Health Tracker
This forward-looking perspective on the U.S. economy offers insights and
monthly data using three macro indicators:
• Small Business Health Index, the foremost leading indicator on the
overall health of this critically important sector. The index is based
on a number of proprietary indicators including credit usage and overall
business performance.
• U.S. Jobs Health, utilizing D&B’s comprehensive proprietary measures,
we are providing a forecast of new, non-farm payroll jobs added across
key verticals such as manufacturing, retail, real estate, construction,
business services, transportation, and utilities.
• U.S. Business Health Index, the most comprehensive measure on the
overall health of businesses in the US. The index leverages three D&B
advanced analytic products (D&B’s Viability Score™, D&B Delinquency
Predictor™, and D&B Total Loss Predictor™) and provides a holistic view
of the current and future health of all active businesses.
D&B will publish its monthly U.S. Economic Health Tracker on the first
Tuesday morning of most months, issuing a public advisory one week in
advance to confirm pending announcement date. Reporting periods will
reflect the most current and complete month. For example, information
contained in the March 4, 2014 report is based on data available as of
Feb. 28, 2014.
Other information, including the 2014 planned publishing schedule, FAQs,
and archived reports can be accessed at www.dnb.com/tracker.
Follow D&B Economic Insight daily on Twitter at @DnBEconomy.
About Dun & Bradstreet® (D&B)
The Dun & Bradstreet Corporation is the world's leading source of
commercial data, analytics and insight on businesses, or “content.” Our
global commercial database as of December 31, 2013 contained more than
230 million business records. We transform commercial data into valuable
insight which is the foundation of our global solutions that customers
rely on to make critical business decisions.
D&B provides solution sets that meet a diverse set of customer needs
globally. Customers use D&B Risk Management Solutions™ to mitigate
credit and supplier risk, increase cash flow and drive increased
profitability, and D&B Sales & Marketing Solutions™ to provide data
management capabilities that provide effective and cost efficient
marketing solutions to increase revenue from new and existing customers.
For more information, please visit www.dnb.com.
Copyright Business Wire 2014